Can I retire at age 56 with 13,700,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $13,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$1,131,333$1,121,256$1,111,424$1,101,828$1,092,457$1,072,594
2 years$560,066$549,635$539,526$529,725$520,218$500,277
3 years$369,668$359,193$349,109$339,400$330,048$310,651
4 years$274,488$264,045$254,062$244,518$235,393$216,689
5 years$217,395$207,014$197,163$187,814$178,942$160,984
6 years$179,346$169,043$159,337$150,196$141,591$124,400
7 years$152,178$141,962$132,410$123,484$115,151$98,732
8 years$131,811$121,687$112,294$103,588$95,529$79,877
9 years$115,979$105,951$96,719$88,234$80,449$65,555
10 years$103,321$93,390$84,321$76,059$68,547$54,397
11 years$92,971$83,140$74,235$66,194$58,952$45,531
12 years$84,352$74,622$65,882$58,061$51,087$38,376
13 years$77,065$67,437$58,861$51,259$44,549$32,528
14 years$70,824$61,298$52,887$45,502$39,051$27,700
15 years$65,420$55,997$47,750$40,580$34,384$23,678
16 years$60,696$51,376$43,292$36,335$30,388$20,306
17 years$56,533$47,315$39,394$32,647$26,945$17,461
18 years$52,836$43,721$35,962$29,421$23,958$15,049
19 years$49,532$40,521$32,921$26,584$21,354$12,995
20 years$46,562$37,654$30,214$24,077$19,074$11,241
21 years$43,878$35,073$27,791$21,852$17,069$9,736
22 years$41,442$32,739$25,613$19,868$15,300$8,444
23 years$39,221$30,620$23,649$18,094$13,734$7,331
24 years$37,188$28,689$21,872$16,503$12,345$6,370
25 years$35,321$26,924$20,258$15,072$11,108$5,539
26 years$33,600$25,304$18,788$13,781$10,006$4,820
27 years$32,009$23,814$17,446$12,614$9,021$4,197
28 years$30,534$22,440$16,219$11,557$8,140$3,656
29 years$29,164$21,169$15,093$10,598$7,350$3,186
30 years$27,887$19,992$14,058$9,726$6,641$2,778
31 years$26,695$18,899$13,106$8,933$6,004$2,423
32 years$25,580$17,882$12,228$8,210$5,431$2,114
33 years$24,535$16,935$11,418$7,549$4,915$1,845
34 years$23,553$16,051$10,668$6,946$4,450$1,610
35 years$22,629$15,224$9,974$6,394$4,031$1,405
36 years$21,759$14,449$9,330$5,889$3,652$1,227
37 years$20,937$13,724$8,733$5,426$3,310$1,072
38 years$20,161$13,042$8,178$5,001$3,001$936
39 years$19,426$12,402$7,662$4,611$2,721$817
40 years$18,730$11,800$7,182$4,253$2,468$714
41 years$18,070$11,232$6,734$3,924$2,239$624
42 years$17,442$10,697$6,317$3,622$2,032$545
43 years$16,845$10,192$5,927$3,343$1,844$476
44 years$16,278$9,715$5,564$3,087$1,674$416
45 years$15,736$9,264$5,224$2,851$1,520$364
46 years$15,220$8,838$4,907$2,633$1,380$318
47 years$14,728$8,434$4,610$2,433$1,253$278
48 years$14,257$8,051$4,332$2,248$1,138$243
49 years$13,807$7,689$4,072$2,078$1,033$212
50 years$13,376$7,344$3,828$1,920$939$185

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $13,700,000, adding $6,827 every year, while hoping to spend $22,730 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 56/38/6 Blend
55$13,700,000$13,700,000$13,700,000$13,700,000
56$15,104,442$14,378,342$14,165,992$15,930,634
57$16,620,911$15,058,696$14,616,368$17,168,035
58$18,291,297$15,771,626$15,081,070$18,511,928
59$20,131,277$16,518,704$15,560,554$19,975,010
60$22,158,125$17,301,577$16,055,290$21,568,629
61$24,390,875$18,121,976$16,565,763$23,305,250
62$26,850,503$18,981,711$17,092,475$25,198,572
63$29,560,123$19,882,684$17,635,942$27,263,648
64$32,545,207$20,826,887$18,196,698$29,517,026
65$35,833,823$21,816,410$18,775,292$31,976,892
66$39,456,902$22,853,443$19,372,293$34,663,244
67$43,448,527$23,940,283$19,988,286$37,598,068
68$47,846,260$25,079,339$20,623,877$40,805,542
69$52,691,490$26,273,138$21,279,688$44,312,252
70$58,029,828$27,524,328$21,956,363$48,147,443
71$63,911,536$28,835,686$22,654,567$52,343,280
72$70,392,002$30,210,124$23,374,985$56,935,149
73$77,532,263$31,650,697$24,118,323$61,961,977
74$85,399,579$33,160,606$24,885,313$67,466,593
75$94,068,071$34,743,211$25,676,705$73,496,125
76$103,619,418$36,402,031$26,493,278$80,102,430
77$114,143,628$38,140,761$27,335,833$87,342,577
78$125,739,892$39,963,272$28,205,197$95,279,372
79$138,517,513$41,873,624$29,102,223$103,981,941
80$152,596,944$43,876,077$30,027,793$113,526,369
81$168,110,923$45,975,095$30,982,814$123,996,408
82$185,205,724$48,175,362$31,968,225$135,484,252
83$204,042,541$50,481,787$32,984,994$148,091,393
84$224,799,006$52,899,521$34,034,117$161,929,569
85$247,670,871$55,433,964$35,116,626$177,121,797
86$272,873,851$58,090,779$36,233,584$193,803,524
87$300,645,662$60,875,905$37,386,088$212,123,883
88$331,248,266$63,795,571$38,575,268$232,247,091
89$364,970,343$66,856,308$39,802,294$254,353,973
90$402,130,017$70,064,966$41,068,369$278,643,655
91$443,077,857$73,428,728$42,374,738$305,335,422
92$488,200,191$76,955,128$43,722,684$334,670,766
93$537,922,747$80,652,066$45,113,531$366,915,645
94$592,714,676$84,527,827$46,548,644$402,362,969
95$653,092,983$88,591,100$48,029,433$441,335,342
96$719,627,402$92,850,998$49,557,353$484,188,081
97$792,945,777$97,317,077$51,133,905$531,312,546
98$873,739,993$101,999,361$52,760,637$583,139,803
99$962,772,502$106,908,359$54,439,148$640,144,665
100$1,060,883,524$112,055,096$56,171,087$702,850,147